* KOSPI falls, foreigners net sellers
* Korean won weakens against U.S. dollar
* South Korea benchmark bond yield rises
SEOUL, March 17 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares fell on Wednesday, following a
sell-off in Wall Street overnight, as most investors kept to the
sidelines ahead of the U.S. Federal Reserve's policy meeting.
The won weakened, while the benchmark bond yield rose.
** The KOSPI fell 23.72 points, or 0.77%, to
3,043.45 by 0231 GMT, reversing a 0.71% gain on Tuesday. It
dropped over 1% in early trade.
** Most heavyweights declined, with chip giants Samsung
Electronics and SK Hynix falling 0.6%
and 0.36%, respectively. Battery maker LG Chem
dropped 3.93%.
** "As market volatility may sharply rise after the Fed
meeting, investors are cautiously taking a wait-and-see stance,"
said Samsung Securities' analyst Seo Jung-hun.
** The S&P 500 and Dow Jones retreated on Tuesday as yields
on longer-maturity U.S. Treasury bonds ticked up.
** Foreigners were net sellers of 347.8 billion won ($307.69
million) worth of shares on the main board.
** The won was quoted at 1,130.7 per dollar on the onshore
settlement platform , 0.09% lower than its previous
close at 1,129.7.
** In offshore trading, the won was quoted at 1,130.2
per dollar, down 0.1% from the previous day, while in
non-deliverable forward trading, its one-month contract
was quoted at 1,129.8.
** In money and debt markets, June futures on three-year
treasury bonds fell 0.04 points to 110.63.
** The most liquid 3-year Korean treasury bond yield rose by
0.5 basis points to 1.182%, while the benchmark 10-year yield
rose by 3.7 basis points to 2.137%.
($1 = 1,130.3700 won)
(Reporting by Joori Roh; Additional reporting by Jihoon Lee;
Editing by Devika Syamnath)
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